The UAE is interested in Kazakh agricultural products, food products and IT services

During the trade and economic mission of Kazakhstani producers to Dubai, export contracts worth over $37 million were signed.

Kazakhstan and the UAE have been developing mutually beneficial cooperation for 30 years. As Vice Minister of Trade and Integration Kairat Torebayev stressed at the opening of the business talks, with the help of mutual investments, our countries have strengthened economic development and continue to work on the implementation of joint projects.

«Fulfilling the task of the President of Kazakhstan to increase trade with the UAE, we expand cooperation with partners and assist businesses in entering the trade markets of our countries. In the medium term, Kazakh companies are ready to supply about 90 types of goods worth $440 million to the Gulf country», - Kairat Torebayev said.

These are products of the metallurgical and chemical industries, the food industry, mechanical engineering, vehicles, construction materials and pharmaceuticals.

According to the Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan to the UAE, Madiyar Menilbekov, the Emirates are a key partner of our country in the Middle East. We have all the necessary conditions for the development of mutually beneficial trade and economic cooperation. In the near future, our countries face the task of increasing trade turnover to $1 billion.

The UAE market is attractive for Kazakhstan. It is included in the list of priority export destinations for goods produced in our country. In 2022, Kazakh entrepreneurs exported products worth $560.3 million to the UAE.

President and Chief Executive Officer of the Dubai Chamber of Commerce and Industry Mohammad Ali Rashed Luta noted with satisfaction that the United Arab Emirates today acts as a strategic trade and economic partner of Kazakhstan in the Arab region.

«Our bilateral trade relations continue to strengthen. Over the past 7 years, the number of Kazakhstani companies in Dubai has almost doubled. We hope that this trend will continue, as the UAE is working to expand cooperation between the business communities of the two countries. Dubai serves as the main gateway to the markets of the Middle East, North Africa and West Asia. The Government of the country and the Chamber of the Emirate strive to facilitate the launch and conduct of business in the country as much as possible», - Mohammad Ali Rashed Luta said in a welcoming address to the business community of Kazakhstan.

Organic agricultural products of domestic production have a huge potential for entering the market of the Gulf countries. Only at the end of last year, meat exports from Kazakhstan to the Emirates increased 8 times.

According to the results of B2B meetings, the total amount of export contracts concluded exceeded $ 37 million. Agreements have been reached on the supply of dietary supplements, agricultural products, including meat, mineral water, confectionery, microspheres, as well as in the field of IT services.

30 Kazakhstani food producers, chemical industry, IT service providers and others took part in the trade and economic mission to Dubai. All of them are representatives of small and medium-sized businesses. As part of the business trip, the entrepreneurs visited the large retail chains Carrefour and Lulu Group, the butcher shop Qazaq gourmet, met with experts in the field of distribution and IT, got acquainted with the details of marketplaces and fulfillment center in Dubai.